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CSPAN
Oct 15, 2013 1:30am EDT
that are leading to our growing debt and deficit. we need savings and reforms as part of addressing that debt ceiling. also we have talked about ideas for a continuing resolution to reopen the government. one that follows established law. by that i mean the budget controller that establishes budgetary caps that need to be kept in place and honored as part of this agreement. the continuing resolution we have talked about what also include flexibility for agencies to prioritize spending subject to congressional oversight, but we have got to have budget discipline. we are spending more and weird -- than we are taking in. whether it is a family, a business, whether it is the federal government, that does not work so we have got to exercise budget discipline. also we talked about ideas that might include addressing the medical device tax, possibly repealing the medical vice tax or at least deferring it for two with. and paying for it pensions moving under revision similar to those in map 21 and we have looked at and talked about requiring income verification under the affordable care act
Al Jazeera America
Oct 17, 2013 11:00am EDT
the bills that we owe on time increased our borrowing costs, which adds to our deficit. of course, we know that the american people's frustration with what goes on in this town has never been higher. that's not a surprise. that the american people are completely fed up with washington. in a moment when our economic recovery demands more jobs, more momentum, we've got yet another self-inflicted crisis that set our economy back. and for what? there was no economic rationale far all of this. over the past four years, our economy's been growing, our businesses have been creating jobs, and our deficits have been cut in half. we hear some members who pushed for the shutdown say they were doing it to save the american economy, but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. you don't have to take my word for it. the agency that put america's credit rating on watch the other day explicitly cited all of this, saying that our economy remains more dynamic and resilient than other advanced economies and
CSPAN
Oct 17, 2013 10:00am EDT
good of the american people. to get the debt under control. to do smart deficit reduction. and to do things that we think the economy needs to get people back to work. those are our shared goals. we are going to try to find how we can reach common ground and create a budget process that achieves that. that's what we are beginning to talk about. >> chairman ryan is right. good conversation over breakfast this morning as we begin the challenge that has been handed to us over the coming few short weeks. we believe there is common ground and showing the american people that as a congress we can work and make sure that our economy is growing and that people are back to work and we can do the job we were sent here to do is to find common ground between our two brukeses -- budget resolutions and a path forward for congress to work on. >> some people ask why this time will be different, what i would say is not talking guaranteed failure. talking doesn't guarantee success, but if you don't get together, obviously you can't move forward. nobody can guarantee success, but what we can say is if
CSPAN
Oct 20, 2013 10:00am EDT
that republicans have given up chances ofat are the getting a bigger agreement to tackle our deficit? >> that is a very fair question. i was disappointed in the fact that the supercommittee did not achieve a positive result. round, theest democrats have been trying to get to the negotiating table since march. that is when the house passed the budget and the senate democrats. we were blocked by republicans in the house and senate. now we're finally going to the table. talks does not guarantee success. he mentioned examples where we were not able to get funding accomplished. if you refuse to talk, you are guaranteed failure. we hope within the scope of these conversations we are able to move the ball forward. they will have to decide what the scope is. how much we want to fight off and shoe as part of these negotiations. that will be one of the early decisions we try and reach. the good news is that we hope that our republican colleagues have learned the right lesson from the debacle we just went through, unnecessary pain. it did not have to be that way. we are hoping that our colleagu
CNN
Oct 16, 2013 10:00am PDT
further reducing our deficits and building on the work that has been done over these past four years in which we have reduced our deficits by half, we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that the project. that's always been his position, and it will be his position moving forward. >> thank you. >> yes. >> reporter: thanks, jay. can you give us a little color how the president was informed of the deal, who told him, what his reaction was? >> no. >> reporter: none? >> right now, brianna, i think we're looking to capitol hill for action to be taken. the president, as you know, has been in contact with leaders in congress as have members of his team. and we are encouraged by the progress that we've seen. and hope that it is fulfilled through votes in both the senate and the house. >> reporter: can you give us any more about how he was involved in the process? >> well, as i've said, he's been, as you know, he's had meetings with leaders of congress. he's had phone calls with leaders of congress. he invited all m
CSPAN
Oct 17, 2013 9:00am EDT
benefited the wealthy, no health care insurance improvements, deficits created. and this was all in one of the healthiest economies that was ever left to a president. this president that was left one of the worst economies that was ever left to a president has created jobs, closed the deficit, done some good things. the policies of the republicans are what is not working. i need the democrats to really start camping up the language. language.mping up the host: how would you advise the democrats to best address the issues of debt? caller: i think they are doing a good job with their proposals that they have -- reasonable reform.asonable tax i know we just recently increased taxes on the wealthy 3.6%, and it was a major factor on why the deficit went from billion.lion to $7 it helped significantly. keep doing what you are doing, democrats. watch c-span every day. i see what you guys are fighting for. my only suggestion would be amp up the language. let regular joe americans know how terrible the republican policies are. host: leesburg, virginia, up next. a federal worker. caller: how are
NBC
Oct 17, 2013 6:00pm PDT
has been growing. our businesses have been creating jobs. and our deficits have been cut in half. >> in his speech, the president made several claims including the one he just heard about our country's deficit and the fallout from the last few weeks. in tonight's "reality check" nbc's sam brock puts those claims under the microscope. sam? >> raj, jessica, good evening. the president's address today recapped the fury of the last few weeks and looked to set an agenda moving forward. first, though, we need to know where exactly we stand. here are the president's claims we're fact checking today. that the threat of default made our debt payments expensive, our deficit is rinking and dropping faster than any point in the last 50 years. here's the first claim. >> we know that just the threat of default, of america not paying all the bills that we owe on time, increased our borrowing costs which adds to our deficit. >> this claim is actually not true. our borrowing costs have not gone up. in fact, they've gone down. according to bloomberg.com, the interest rate on the u.s. ten-year trea
Al Jazeera America
Oct 21, 2013 7:00pm EDT
make something, then you end up with a perpetual trade deficit in manufacturing, and our number is about 4 -- $400 billion a year. >> the government wants to encourage people to build things that can be sold not just competitively in this country, but competitive in other countries. >> what we need to be focusing on are the net exports. are we in balance in manufactured goods? and there is a fixation on the federal deficit. the only deficit that matters to this economy is our trade deficit. if we're shipping 400 billion or so dollars overyear, because we're not making in this country the things we used to make, that compounds. >> all right. this is a big problem, we're going to have to put a lot of attention it to. what do americans have to think about in making this decision? >> they have to cross that rubicon, so to speak of believing in the imperative of the sector. all of the economists, we know that it's a sector that needs to be resuscitated. they need to join us from a political point of view. once they do that, they should demand a manufacturing policy that mirrors that of
CNN
Oct 14, 2013 10:00pm EDT
had a series of trillion dollar plus deficits and adding $7 trillion of debt and they wanted the president to provide leadership. simpson bowles turned his back on. that it is insanity we don't have agreement on entitlement reform. >> i'm for tax reform too. i'm for a grand bargain. but it has to raise revenues so the democrats have one side of the bargain. what the republicans are opposed it's not a grand bargain. it's their way or they will destroy the economy of the united states. >> you got $600 billion of new revenue the last go around. >> a sequester level. >> and if you look at the -- >> the deficit from the last three years have been going up or down? >> the debt has been going down. and the deficit -- >> for the third year in a row the fastest decline in the deficit since demobilization after the second world war at a time when the economy is depressed and you are arguing policies for austerity of a moment of this fragility. >> i think we agree on this. the other side will say by the time the president has left office he will add more debt as much as all the other presid
FOX News
Oct 16, 2013 10:00am PDT
compromise, but he firmly believes that balance when it comes to further reducing our deficit and building on the work done over the past four years in which we have reduced our deficits by half, we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that project. that is always his position and will be his position moving forward. >> thanks, jay, can you give us color of how the president was informed of the deal and who told him and what his reaction was? nnone. nnone? >> right now we are looking for capitol hill for action to be taken. the president has been in contact with leaders of congress as has members of his team and we are encouraged by the progress we have seen and hope that it is fulfilled with both the votes in the senate and house. >> can you give us anymore about how he was involved in the process if >> he as you know had meetings with the members of congress and invited all members of both houses to the white house, and it is also the case that we don't inform you of every phone call that he makes, and neithe
CSPAN
Oct 16, 2013 4:00pm EDT
century. and the largest deficit reduction bill since 1981 that didn't include a tax hike. preserving this law is critically important to the future of our country. throughout this debate, the public has rightly focused on obamacare, for good reason. this law is ravaging our economy, killing jobs, driving up premiums and driving people off the health care plans they have and like. in droves. it's a disastrous rollout is a sign of even worse things to come. and the refusal to delay it reflects a kind of stubborn ideological obsession that will do untold damage to our country. and republicans remain determined to repeal this terrible law. but for today, for today the relief we hope for is to reopen the government, avoid default and protect the historic cuts we achieved under the budget control act. this is far less than many of us had hoped for, frankly. but it's far better than what some had sought. now it's time for republicans to unite behind other crucial goals. madam president, i yield the floor. [captioning performed by national captioning institute] [captions copyrigh
MSNBC
Oct 15, 2013 12:00pm EDT
at this point of extreme vulnerability on the deficit, making all the right noises, pivoting in their direction and they completely sabotaged that deal. so can you imagine, we have gone from having what could have been this enormous multi-decade attempt to sort of rein in the deficit, which was their stated goal, right? >> right. >> to talking about, as luke said, the full vitter, which i thought it meant something else. >> full vitter. i don't want to get into that. >> also a little paradoxical in the end, the end game is to force as many people as possible into the exchanges and raise the deficit. when you step back, i guess like everything else in this insane standoff, it makes some sort of sense in context. when you step back -- >> this morning, glen, i would go back to you given your experience and time at the white house, there was a lot of i wouldn't say premature dplee but this idea that the democrats had won and boehner was going to give up because inevitably he had to because we're going to default on our credit in 48 hours. i'm unclear as to where we stand on all that
CSPAN
Oct 15, 2013 6:00am EDT
address the underlying problems that are leading to the growing debt and deficit. asneed savings and reforms part of addressing the debt ceiling. also, we have talked about ideas for a continuing resolution to reopen the government. lawthat follows established , by that i mean the budget control act, which establishes budgetary caps that need to be in place and honored as part of the agreement. the continuing resolution we have talked about would include flexibility for agencies to prioritize spending subject to congressional oversight, but we have to have budget discipline. we are spending more than we are taking in. we have to exercise budget discipline. also, we talked about ideas that might include addressing the medical device tax amah possibly repealing the medical device tax were at least referring it for two years and paying for it with pension smoothing under provisions similar to those in map 21. talked about income verification under the affordable care act to avoid fraud. ideas that republicans have put forward. i think there has been brought up support for on the dem
CSPAN
Oct 17, 2013 5:00am EDT
deficits. this side just under an hour. >> good afternoon, ladies and gentlemen. at this time, i would like to introduce the president for the committee for a responsible budget. >> thank you. thanks so much for joining us today. this turns out to be an incredibly well-timed conference. but on behalf of fix a debt, it is a nationwide diverse coalition made up of citizens, business leaders, civics leaders with the purpose of trying to this a bipartisan way focus national attention on the need and push far comprehensive debt deal that would help deal with the nation's fiscal challenges. today is obviously an important day. we have a gathering of people and we're going to talk about the current crisis that we are in and the state of play where we are. from a diverse group of people with diverse perspectives. we have been lurging from crisis to crisis. we can't afford to do that. we know what we need to focus on. finding a plan to put our debt on a downward path. we think it is critical that it is time to stop the madness of the way we have been governing, start real negotiations and
CSPAN
Oct 17, 2013 1:00am EDT
pass a plan to address entitlements and budget deficits. this is just over an hour. good afternoon, ladies and gentlemen. i would like to introduce maya mcguiness, the president of the committee for responsible federal budget and the president of fix the debt. [applause] >> thank you. thanks so much, everybody, for joining us today. this turned out to be an incredibly well-timed conference. on behalf of fix the debt, fixed the debt is a nationwide, diverse coalition made up of citizens, business leaders, civic leaders with the purpose of trying to hum a in a bipartisan way, focus national attention on the need and push for a comprehensive debt deal that would help deal with the nation's fiscal challenges. today is obviously an important day. it appears as though we have a real plan put in place that would deal with opening the government and lifting the debt ceiling and putting in place a budget process to help focus on those discussions. we have, today, with us an incredible gathering of people who will talk about the current crisis we have been in, the state of play where we are,
CNN
Oct 16, 2013 8:00pm PDT
deficit in half under his term. >> you represent peoria, illinois. i'm sure another annoyed with journalists asking this question. but how has this played in peoria? >> my congressional district has some pretty deep heritage. it's abe lincoln's old seat, everett dirksen's old seat, bob michael and ray lahood's old seat. it's historically represented by republicans but pragmatic republicans. >> who work across the aisle. >> people expect us to work across the aisle. >> your predecessor was in the clinton cabinet. >> and working with democrats across the aisle. i think the message here really needs to be, we have divided government. and no one is going to get everything that they want. what i've tried to convince my republican colleagues tonight is, look at the board. there's 150 democrats that voted with the speaker, with the majority leader. and we don't need 150 democrats. if we have 20 or 30 democrats, if we have 40 democrats we have a governing majority. and so the sooner we can reach that reality, i think, the sooner we can govern and negotiate sooner rather than have to wait
PBS
Oct 22, 2013 5:30pm PDT
suffers chronic current account deficits with other countries. the cause is merely import of crude oil. gold also accounts for around 10% of imports. earlier this year, investment flowed into the country thanks to the united states quantitative monetary easing. those funds offset the deficit. united states hinted in may that it might scale back easing policy. investors quickly pulled funds out of india. the india government imposed a high tariff on gold imports to prevent the deficit from ballooning. by august, almost no gold was coming in. this dealt a heavy blow to the jewelry industry which accounts for about 10 million jobs. >> it is abnormal year. for point of view we are trying to protect industry. >> reporter: drillers have come up with various tactics to survive. this shop is buying used gold items to make up for short fall in the supply. business hopes to tap into the masses of gold gathering dust in people's home and turn it to new ornaments they can sell. >> this is a part of our culture and tradition. we have to continue to be in this business. we have to learn how to s
CSPAN
Oct 17, 2013 11:00pm EDT
time, increased our borrowing costs. that adds to our deficit. that the, we know american people's frustration with what goes on in this town has never been higher. that is not a surprise. the american people are completely fed up with washington. moment when our economic recovery demands more jobs, more momentum, we have got yet another self-inflicted crisis that sent our economy back. for what? economic rationale for all of this. over the past four years, our economy has been growing. our businesses have been creating jobs. our deficit has been cut in half. we hear some members say they were doing it to save the american economy, but nothing has done more to undermine this economy in the past three years than the kind of tactics that create these manufactured crises. and you don't have to take my word for it. the agency that put america's credit rating on watch the other day explicitly cited all of this, saying that our economy remains more dynamic and resilient than other advanced economies and that the only thing putting us at risk is -- and i'm quoting here -- repeated brinksm
CSPAN
Oct 17, 2013 4:00pm EDT
the deficit and managing our long-term debt will help us enhance our energy security and enhance our climate security and help us pass comprehensive immigration reform. the president is interested in getting positive results for the american people. and he is willing to work with anyone who was interested in that as well and he acknowledged today that there are some differences that we may not be able to bridge that are sincerely held that are just about political positioning that there are areas we can find common ground and he identified 3e that are working through congress right now that offer the opportunity for washington to demonstrate to the american people that washington can function. that bipartisan progress is possible. we saw the bipartisan vote. i think 80 senators voted for the measure last night and a bipartisan vote in the house. we have seen a bipartisan vote on the comprehensive immigration reform and on the farm bill. there's an enormous opportunity here to get some significant work done on behalf of the american people. >> interview earlier today they spoke to the
CNN
Oct 14, 2013 11:00pm PDT
issues that they have been focused on in dealing with the long-term debt and deficit. now republicans in the senate have to have a discussion about it. they're going to do so tomorrow morning at 11:00. and the hope is that the ball will start to roll with that deal. and then the big question is what happens with the house. >> and that is the huge question. and i know why it's impossible for you to gauge successor failure. i'm curious, obviously from the house, right, there was this take it or leave it on obama care. and now it's really we're not hearing much about obama care at all. but it's on the table but in a token way. >> reporter: that's a great way to put it, in a token way. it helps democrats. if you look at what appeared to be the obama care provisions part of this deal it would make sure, verify that individuals who are getting subsidies for obama care, that they actually verify what their income level is to make sure there is no fraud. that is something that is a bipartisan idea. but delay a fee on employees receiving health insurance. that is a huge issue and has been for
FOX News
Oct 17, 2013 3:00pm PDT
for the american people, get debt under control, do smart deficit reduction and do things to grow the economy and get people back to work. >> reporter: there's great skepticism after attempts to address the nation's fiscal problems such as simpson-bowles. >> the scope is much broader and larger. we have a challenge that's been handed to us to have a reconciliation between the senate budget and house budget and those issues are on table and we'll be talking about all of them. >> reporter: with the government funded for three months and the debt ceiling extended into february much of the next 100 days will fob cussed on these money issues. >> i'm not pinning a rose on this bill but i'm giving it a vote because we have to open government and we didn't have to close government because we made this offer, a number we knew was inadequate but at least takes us to the table. >> reporter: republican senator david vitter who tried to for the obama administration and congress to live under obama care said he's not giving up. >> i'm not going away and this issue is certainly not going away and i'
CNN
Oct 14, 2013 11:00pm EDT
report is saying our debt to gdp ratio is shrinking and the government spending and deficit are falling faster than they either have ever fallen or possibly with one exception of the year that world war ii ended and the debt to gdp ratio for the country, our debt level won't return to the levels it is now for more than a decade. we know there is a long-run fiscal issue. but that is overwhelming not the thing that we should be focused on right now and shutting down the government and threatening that we might have to default on the domestic obligations or on the bonds is a total welcome to crazy town. we should absolutely not be doing that. that is going to tank the economy at best. >> so you think trying to get an extension of the debt ceiling would have been a good thing. >> i understand that's -- >> that's not trick question. >> i understand that maybe they will come up with a short term extension. >> i'm just curious. speaker boehner offered a six-week extension all he was requesting was to negotiate. >> look, here's my view. the guy from u.p.s. brings the package to your hou
CNBC
Oct 17, 2013 6:00am EDT
of time. that is -- if you really care about the long-term deficit and debt problem of the country, you don't talk about this nickel and dime stuff. what you talk about are those big entitlement programs, farm programs, that's where the money is. one of the biggest problems that we have in politics is that many people out in the country hear reports like this and believe that the problem is actually these dinky programs and -- >> understood it is not the real problem, but you have to start somewhere. the optics of this, i agree with mccain that -- >> you have to stop with medicare and -- >> infrastructure. it's investment, it's infrastructure, this is whhavin to do with jobs. >> stuff like colorado i think would get passed, anyway. i know with new jersey it was held up for a long time with the new jersey/new york -- connecticut area. >> like that sandy relief. >> but i think you can have a clean vote on it saying here is what i support and what is what i don't. for people using this stuff, this is how you get into the deep politics to say you supported this, you didn't support this
CSPAN
Oct 16, 2013 2:00pm EDT
to address if we are serious about reducing the deficit, getting rid of sequester, and trying to put this country on the right path for the future. budget conference that deals with entitlements, all the entitlement programs, and determines what reforms and savings can be achieved there. a conference that focuses on looking at the whole issue of discretionary spending. what kind of -- what tasks should -- caps should we put on it, but what should be the next five year for screagsier? we need to establish stability rather than kick the can down the road mentality we have been involved in. what's our discretionary spending going to look like over the next period? and looking at elements of tax reform, where can we implement tax reform? what are some steps we can do to provide the balance and fairness that this country is all about? all of those things ought to be looked at. this is the opportunity to do it. so, my hope is that they will take advantage of this opportunity to govern this country. i believe we are at a turning point in the united states of america and it's a critical
CSPAN
Oct 17, 2013 12:00pm EDT
prevented overnight. it's research that is a deficit reduction strategy. public health readiness is a deficit reduction strategy. so why are we squandering those solutions? i know, you know, the president knows, congress knows, there is a way to fix the budget and it involves tax and entitlement reform and we need smart tax and entitlement reform that doesn't undermine public or private sector medical innovations. to give you one example, cuts to scription drug reimbursement -- to prescription drug reimbursement would undermine this. prescription drugs alleviate disability. developing new medications is a high-risk proposition and it takes both public and private sectors working hard at it. if reimbursement is cut, though, it undermines the flow of capital necessary to the development of those solutions that we're all waiting for. and for sure, sequestration has to go. now, we look to that conference committee the budget conference committee, address sequestration and to eliminate it. and we and the members of our alliance will be speaking to members of that committee. starving the na
FOX Business
Oct 14, 2013 10:00pm EDT
years that caused the deficit to go down, the president brags about the deficit going down, this is why it is going down, now he wants to get rid of that one thing that is bringing the deficit down. lou: most economyifth public fiscal policy since 1980, in a time wn we looking atnfunded liabilities and excess of $ 87 trillion, and yo unsustainabe trajectory of spending defkits and debt -- deficitsnd debt. they have climbed over course of two fiscal years, this is a serious business, and response to be, well, hell,et's just spend more mey. is -- well i just don't understand why the republicans cannot mou a message tt is compelling and persuasiveo american people, i'll be dog gone, you are all operating on radio silence on the radio. >> well, i like to think we're not, i not -- mostly say host on television, do not think the way you do. and so i often sayhat as republicans we're alway playing. lou: you didn't have to prae those othertsnn television. >> like we're always playing an away game, the cro is cheerin against us, just theay tt mainstream media is. generally today, it hard to
FOX
Oct 15, 2013 6:00am EDT
government and raising the deficit, the draft proposal in the senate also calls for negotiators to find ways to cut the deficit between now and mid- december. those cuts would replace the across-the-board cuts that we all know now as sequester. >> we're doing our best to make everybody happy but everyone knows we're not going to be able to do that. everybody understands we're doing the very best we can with all the frailties we have as people and legislators. >> when the majority of americans disapprove of the house, the senate, the democrats, republicans and the president, that says we're not doing the right thing in washington. >> reporter: polls continue to show that the majority of americans think the right thing for congress to do is to get back to work and reopen the government. the deadline for deficit -- for default, rather, the deadline for default is thursday. back to you. >> delia, thank you. >>> in other news, two people have been arrested in the weekend murder of a germantown woman. police say prita gaba's ex- husband and his wife shot her while walking. they are awaiting e
FOX Business
Oct 16, 2013 8:00pm EDT
sequestration, and find a way to reduce the deficit, in a way we don't hurd ours ourselves. charles: sequestration has been a big boone with respect to the deficit, you want to get rid of that and lower the deficit at the same time, it does not jive. >> in central texas, college, i think we should have learned there, that any time you dos budget it is a priority. sequestration is an arbitrary way of doing companies i agree. but let's do this in the dollars way, by setting priorities before we cut a-- way. charles: do you think thereupon be a legit platt olive branch. there will be a opportunity from the white house to really do something on this? >> i i don't want av this vote today we opens government, we lost one.file billion. of fi of economic production, i think we should ask everyone, democrats and republican, we should goal together and find a way to reduces budget, due the. and you very much. we to det to washington d.c. the bill just pass. to verdict default. reopened the government, raise the debt ceiling, a lot of the things a lots of people knew would lap, an wh deal. >>
FOX News
Oct 16, 2013 3:00pm PDT
still has deficits of about a trillion dollars for years to come. the republicans have deficits as well. so that means that, in the big picture, the question of how to deal with debt, deficit, and also get the economy moving is really up to this conference committee. >> and the fundamental issue has always been obama no interest in reducing the debt and the deficit. that's never been a priority. the priority is to entitlements. he believes he is a leveler. he wants to spread the wealth. he has been open about that he wants to do obama care, which obviously he did. i mean, that's not his priority. and his -- what he he demands that he knows that republicans won't give him is a tax hike in return for a cutting of entitlements or for a tax reform. that's not going to happen and that's why we have not had the bargain over the five years. and we aren't going to have it. so, there is nothing that would give us hope that this is ending up in some kind of grand agreement. i think we are going it hit a deadline. again, we are going to have to punt again. >> you talk to people on both sides
CSPAN
Oct 16, 2013 12:00pm EDT
quarter century, and the largest deficit reduction bill since 1981 that didn't include a tax hike. preserving this law is critically important to the future of our country. throughout this debate the public has rightly focused on obamacare for good reason. this law is ravaging our economy, killing jobs, driving up premiums, and driving people off the health care plans they have and like in droves. it's disastrous rollout is a sign of even worse things to come. and the refusal to delay it reflects a kind of stubborn ideological obsession that will do untold damage to our country and republicans remain determined to repeal this terrible law. but for today, for today, the relief we hope for is to reopen the government, avoid default, and protect the historic cuts we achieved under the budget control act. this is far less than many of us had hoped for, frankly,. but it's far better than what some had sought. now it's time for republicans to unite behind other crucial goals. madam president, i yield the floor. the presiding officer: under the previous order, the leadership time is rese
MSNBC
Oct 19, 2013 4:00pm EDT
. >> we have got to cut the deficit and put america on track to a balanced budget. >> the idea that we should continue to spend money that we don't have and give the bill to our kids and grand kids would be wrong. >> i think it's frankly not moral for my generation to keep spending massively more than we take in knowing the burdens are passed on to the next generation. >> oh, so get ready to remind paul ryan, ted cruz and the rest of the cuckoo caucus that it's october 2013. not 2012. a majority of americans agreed that government does have a role to play in our lives and that in the most fundamental american valley and everyone has an opportunity to improve their lives and a fair shot. get over it already, guys. joining me now, jared bernstein, senior fellow at the center on budget and policy priorities and maria teresa khumar. thank you for joining me. >> you're welcome. >> starting with you, jared, we are coming up to the next round and, again, we are going to hear the same rhetoric from the conservatives. deficit reduction and, of course, yet again, they will not take into account
CSPAN
Oct 19, 2013 2:00pm EDT
same time. so we are rapidly creating an innovation deficit. the innovation deficit, to me, long term is just as important as the budget deficit. what it says is over the long term, we are going to lose our advantage in innovation, and someone else is going to get it. that will then determine economic success in the future. we just won a bunch of nobel prizes this week and last. most of those prizes, as has been the case for some time now, are awarded to american researchers and, frankly, to researchers born in other countries who now work where? at our universities. how much longer is that going to go on if we continue the innovation deficit and disinvesting in research when other countries have seen that as their long-term goal? we need to fix this problem. we need to fix it quickly. stop the crisis management and get onto thinking about the long-term investment, the only thing that will lead to long- term success for this country. thank you. for an academic, that is brief. [laughter] >> thank you, hunter. our last speaker, before we take your press questions, is mary woolley,
Al Jazeera America
Oct 18, 2013 7:00am EDT
with some solutions on spending and deficits. it failed. it couldn't get anywhere. it got so bad that one committee member told reporters i pray to god i never got put on a super committee again. the real question is what's the incentive to get something done. if this group doesn't come to solutions, the sky doesn't drop, nothing major happens, we just stay at the spending levels that are already in place. democrats don't like those levels, so they have more of an incentive to come to the table. even if congressman ryan can come to agreement or ideas, it's a question of whether he can get the rest of his republican caucus on board with him. their work has to wrap up by mid december. everyone's sort of scratching their heads to say can they do a better job of negotiating than congress has been able to do in the last couple of weeks. >> the president focused mainly on the economy during his presser thursday. here's some of what he said. >> now that the government has reopened, acknowledge threat to our economy is removed, all of us need to stop focusing on the lobbyist and bloggers and
CSPAN
Oct 16, 2013 10:00pm EDT
save the taxpayers tonight about $80 billion. it does nothing to run of the deficit. it might save the government money. to answer your question? >> did very well. >> what is your expectation? >> i asked chairman ryan to meet with me tomorrow morning to have breakfast and start to begin some conversations about how we move forward from here. >> your going to have breakfast? >> no, no, we are not. [laughter] >> okay. [silence] >> and the house right now is wrapping up a final vote on reopening the government and raising the debt limit. this is after the senate approved the measure tonight 81- 18. after the senate bill president obama came to the white house briefing room saying that he would sign the bill immediately once the house passes it. >> good evening, everybody. tonight republicans and democrats in congress have come together around an agreement that we will reopen the government and remove the threat of default from our economy. the senate has now voted to approve this agreement, and democrats in a row because in the house still have an important vote to take. want to thank the
FOX News
Oct 17, 2013 8:00am PDT
paying all the bills that we owe on time, increased our borrowing costs which adds to our deficit. and, of course, we know that the american people's frustration with what goes on in this town has never been higher. that's not a surprise. that the american people are completely fed up with washington. at a moment when our economic recovery demands more jobs, more momentum, we've got yet another self-inflicted crisis that set our economy back. and for what? there was no economic rationale for all of this. over the past four years, our economy's been growing, our businesses have been creating jobs, and our deficits have been cut in half. we hear some members who pushed for the shutdown say they were doing it to save the american economy. but nothing has done more to undermine our economy these past three years than the kind of tactics that create these manufactured crises. and you don't have to take my word for it. the agency that put america's credit rating on watch the other day explicitly cited all of this, saying that our economy remains more dynamic and resilient than other adv
CSPAN
Oct 15, 2013 4:00pm EDT
the secretary of the treasury to manage our debt and deficits. that to us is just absolutely the worst possible thing that can be done. we are very interested in a clean continuing resolution, a clean debt limit, and we can supply a vast majority of the democratic votes to get that done. we are hopeful that the speaker will allow such legislation to come to the floor and we commit to him and the american people the democrats will be solid in support of that effort. with that i yield back. >> house republicans are talking bout consolidating to what's known as the bitter amendment and including staff in that as well. something that a lot of -- [inaudible] is this your statement about not having any democratic votes, does that stand if they shrink their demand to that amendment, taking it with the health benefits of members, lawmakers and staff? >> let me just take a crack at that. let me reiterate. we're 48 hours, this is the 15th day of a shutdown. where government workers have been precluded from serving those who are trying to get veterans benefits, those who want to get on soci
WHUT
Oct 17, 2013 11:00pm EDT
together around growth rather than this obsession with the budget deficit. if we solve growth, it will take care of the budget deficit. >> rose: can't we have growth entitlement reform as well as tax reform at the same time? and that you will have revenues to do the things that you believe are essential for america to be competitive in the 21st century. and to do with research having to do with infrastructure, having to do with productivity. and at the same time have entitlement reform and at the same time eliminate some of the deductions that corporate america has come to believe are necessary but may not be. >> charlie, there's certainly some changes in the entitlements that are desirable. there's certainly room to broad i the tax base. but those are means to an end. the end we should be focused on is raising growth and raising standards of living. what i was stressing before, was, and this is contrary to the washington wins at the moment. if we can pick up growth by only several tenths of a percentage, the budget fundamentally is balanced in the sense the debt will not be risin
MSNBC
Oct 23, 2013 3:00pm EDT
the unemployment surrender caucus. now finally, there's the deficit. congress's economic policy is based on a perception that the deficit is huge, conservatives say it's so big we must reduce it before priorities like jobs or education. there's a fair debate over how much the government should spend on programs at home, that legit. but it's not fair to say the deficit is out of control or expanding. if someone tells you that, they are lying. when the recession hit in 2009 the deficit was 10% of the economy. at the current fiscal year, just over 3%. next year it's projected to drop all the way down to about 2%. you won't know that though if you listened to the tea party or to many of the self-appointed budget centrists in d.c. a lot of people listen to them. when bloomberg news asked americans about the deficit this year, 62% of people wrongly said it was getting bigger. only 6% knew it was getting smaller under president obama. so, there are a lot more people talking about the deficit than there are people who know what it is. unfortunately, many of them are in congress. stay with
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